24 September 2012
Three local councils have won a legal battle against Lehman Brothers over investment losses during the global financial crisis, paving the way for a multimillion-dollar compensation payment…
24 September 2012
The Financial Ombudsman Service closed 9785 disputes in the April-June quarter – setting a new record for any three-month period…
24 September 2012
The insurance industry has rejected accusations of overcharging during the final months of the Victorian fire service levy…
24 September 2012
Funding New Zealand’s fire services via a tax on insurance is outdated, inequitable and inefficient and has become increasingly difficult to administer, the Insurance Brokers Association of New Zealand…
24 September 2012
The National Transport Commission is seeking comments on its collaborative strategy to cut deaths and injuries on Australia’s roads…
24 September 2012
New Zealand’s workplace injury rates are about twice those of Australia and almost six times those of the UK, according to a new report…
24 September 2012
Insurers, the European Space Agency and a Zurich-based data company have joined forces to produce satellite flood maps that could be used to better understand Australia’s flood risks…
17 September 2012
Australian insurers are recording strong premium growth after years of catastrophe losses, according to Aon Benfield…
17 September 2012
The Insurance Brokers Association of New Zealand has taken the country’s fire service to the High Court for clarification on how insurance contracts can be arranged…
17 September 2012
Flood mitigation is a long-term project and it will take time to get the message out, according to Actuaries Institute CEO Melinda Howes…
17 September 2012
The public and private health sectors handled 2800 new medical indemnity claims in 2010/11, about the same level as the previous year…
17 September 2012
The New Zealand Government has offered to buy out owners of uninsured homes and commercial property in the Christchurch flatland residential red zone, where land is considered damaged beyond repair…
17 September 2012
The number of motor vehicle thefts in Australia increased in the last financial year…
10 September 2012
Brokers are placing more business offshore, according to Australian Prudential Regulation Authority figures…
10 September 2012
The Financial Ombudsman Service’s ruling that RACQ Insurance must pay out to a Queensland couple whose house was ruined by the floods of January last year does not set a legal precedent…
10 September 2012
Natural hazards researcher Risk Frontiers says the $12 million given by the Government to Geoscience Australia to gather flood risk information is “completely incomprehensible”…
10 September 2012
The owner of a ferry that sank killing up to 161 people deliberately misled his insurers for many years, a royal commission into the tragedy has found…
10 September 2012
The sentencing of Rural & General founder and MD Charles Pratten has been delayed for the second time…
10 September 2012
A focus on professional indemnity and directors’ and officers’ liability exposures is crucial in the uncertain financial climate, according to Berkley Re Australia CEO Peter Nickerson…
10 September 2012
Liability rates in New Zealand hardened in the first half of this year, but predicting future movements has become increasingly difficult, leading broker Marsh says…